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Oct 23

TECHNICAL ANALYSIS BY NSFX 23.10.2013

By:

High:  Low: 

The pair yesterday could not go above the 55EMA and today is testing the 200SMA in area 97.37. In case this level should fail as support the cross rate might fall to 96. The intermediate target in case of a strong Japanese Yen could be 92.56.  If today trading activity should make the candle with a shadow on the downside then the probability of a recover are much higher and the pair could test again 98.45 and then the supply line in area 99.39.

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